These 2 High-Growth Cryptocurrencies Could Help Power The Bull Market's Next Record Run

While Bitcoin sets the trend, Solana and Cardano are proving to be serious contenders in the Bull Run.

Last Updated September 16th 2021

4 Min Read

Key Notes

Analysts are referring to the next crypto phase as the Super Bull Cycle.
Solana's hybrid consensus mechanism is revolutionizing blockchain technology.

Bitcoin is no doubt the trendsetter when it comes to cryptocurrencies. It has always been so. However, looking at the analytics of other digital currencies, especially in 2021, it is clear that while Bitcoin is certainly setting the trend, it is not the only coin driving the Bull Run in this industry. Bitcoin has managed to break the $50,000 mark once again, and other coins are following in its footsteps.

There are coins, though, that have recorded tremendous growth, even more than that of Bitcoin. The coins are, of course, smaller than Bitcoin in terms of their market capitalizations, but they are setting the pace in the bullish trend.

Solana and Cardano are very high growth cryptocurrencies that could help power the bull market's next record run.

Solana

One of the most popular cryptocurrencies is Solana seems to be taking this industry by storm. Solana has recorded tremendous growth in the last few days growing from $108.7 at the beginning of this month, to the current price of $157 going up to sixth place among the top ten digital currencies.

Solana's impressive features are the key to this commendable improvement. According to Sharan Nair, the Chief Business Officer at CoinSwitch Kuber, developers and other users are impressed by the speed at which they are executing transactions on Solana's blockchain. He further added that the strong layer-1 blockchain Solana is utilizing is simply way ahead of the rest.

Another notable personality in the cryptocurrency circles Edu Patel, the CEO and Co-founder of Mudrex noted that Solana can allow scalability without compromising on decentralization that is drawing a lot of users on to this platform. The use of the Proof-of-Stake consensus mechanism is strengthening this blockchain. Using the Proof-of-Work mechanism is lagging the Ethereum blockchain hence the need to upgrade to Ethereum 2.0.

These impressive features, coupled with both seasoned and new investors need to be part of this impressive development and are significantly pushing the value of this blockchain and the price of its token SOL. There is also the capital inflow from institutional investors as well as the adoption of this coin as a non-fungible token platform.

Back in August 2021 the price of Solana was trading at $53.7. It has since recorded a 198% change skyrocketing to $158. If this coin maintains the same trend, analysts predict that it could potentially replace Ethereum as the smart contracts platform and also gain a place in the top five.

This run is set to continue in the next few months as more projects get added to the Solana network. There are also new upgrades that will see this blockchain further improve and create a more enabling environment for its users.

Check Out: Will Solana Make Me Rich?

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Cardano

Though not as bullish as Solana, Cardano also seems to be doing well and contributing to the current Bullish run. This coin also has a promising future considering the practical uses it is offering to other industries and the rate at which it is being adopted.

Looking at the price history in the last one month of the ADA token, the native currency of Cardano’s blockchain, it has been oscillating between $2 and $3.5. While not as impressive as Solana, it has also been able to resistant the bearish pull that the cryptocurrency market has been experiencing.

It has successfully maintained its run only losing a little now and then put pushing upwards nonetheless.

The token currently stands at $2.4, having lost a few cents from the $2.94 high it had about two weeks ago in August. Crypto analysts project that it is bound to rise and probably hit $3.5 by the end of 2021. Like Solana, Cardano also has some very impressive features as well as massive real-life adoption factors that are pushing the token’s price upwards.

Earlier this month, Cardano launched Alonzo testnet, intending to initiate the mainnet later in the month. This upgrade will see the Cardano blockchain enhance its smart contract feature enabling more developers to launch their decentralized finance (DeFi) projects as well as develop more NFTs. These two aspects of the cryptocurrency industry are currently the most sort out and are bound to gain massive adoption worldwide in the coming future.

Cardano has already been adopted by the ministry of education in Ethiopia for a test program to keep students' records. More adoptions are set to happen in the farming, pharmaceutical, and manufacturing sectors.

Don't Miss: How To Make (Or Lose) Money With Cardano (ADA)?

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

The crypto market is now rallying on a Bull trend. Most currencies will probably follow the course of Bitcoin. Even with that trend, be cautious when investing in any of these digital coins. They remain volatile and the tide could turn even before you know it.